Risk exposures in the General Ledger and Financial Reporting Systems include all of the following except
A) loss of the audit trail
B) unauthorized access to the general ledger
C) loss of physical assets
D) general ledger account out of balance with the subsidiary account

Question

Quizplus · Accepted Answer

Loss of physical assets is not a risk exposure in the General Ledger and Financial Reporting Systems. The other options are all potential risks that could negatively impact the accuracy and integrity of financial reporting.

Risk Exposures in the General Ledger and Financial Reporting Systems